Chemical Updates

Asian Propylene: Prices rangebound amid thin discussions / CFR China stable at $1,100/mt / South Korean supply to tighten in Sep / Formosa maintains RFCCs at 90% for Sep

Aug 29, 2026

Asian propylene prices remained rangebound amid muted discussions in the week to Aug. 28. propylene FOB Korea stable day over day and week over week at $1,060/mt Aug. 28, while CFR China was also unchanged day over day and week over week at $1,100/mt. Chinese domestic prices declined over the week after a spike the previous week. the propylene price in Shandong stable day over day and down 250 Yuan/mt week over week at 8,700 Yuan/mt. The East China propylene price was stable day over day and down 250 Yuan/mt week over week at 8,800 Yuan/mt. Prices had risen the week before, driven by stronger crude oil prices as the US-Iran conflict showed no signs of easing. However, downstream demand has not improved significantly. Downstream buyers were resisting any further...

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